Bernie Sanders has the most realistic plan to boost wages and job creation by Matthew Yglesias
http://www.vox.com/2016/1/26/10829888/bernie-sanders-federal-reserve
Here's one more reason to take Bernie Sanders's candidacy seriously: He has put forward statements and arguments on what is by far the most powerful lever a president has on the American economy — the chronically neglected subject of monetary policy.
Sanders's Fed agenda cuts against the narrative of a campaign agenda at odds with wonks' preoccupations and political reality. It could use a little more polish and consultation with a wider range of experts, but it's certainly more detailed and substantive than anything Hillary Clinton (or, for that matter, Barack Obama) has said on the subject. It's also realistic — based largely on things that can be achieved through executive authority.
These ideas got a relatively warm reception from a somewhat surprising source: former Bill Clinton Treasury Secretary and former Obama National Economic Council Chair Larry Summers. This should tell you a lot, given that Summers and Sanders stand at essentially opposite poles of intraparty Democratic debates about economic policy.
Sanders's core point: The Fed could do more to help working people
Politicians rarely talk about the Federal Reserve even though it's the main agency that regulates the pace of job creation. It's true that the Fed operates independently of elected officials' views, but so does the Supreme Court — and elected officials are perfectly aware that it makes no sense to talk about abortion rights without mentioning the Supreme Court.
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